This information collection comprises the following five reports:
⢠Consolidated Financial Statements for Holding Companies (FR Y-9C),
⢠Parent Company Only Financial Statements for Large Holding Companies (FR Y-9LP),
⢠Parent Company Only Financial Statements for Small Holding Companies (FR Y-9SP),
⢠Financial Statements for Employee Stock Ownership Plan Holding Companies (FR Y-9ES), and
⢠Supplement to the Consolidated Financial Statements for Holding Companies (FR Y-9CS).
The Board requires bank holding companies (BHCs), most savings and loan holding companies (SLHCs), securities holding companies, and U.S. intermediate holding companies (IHCs) (collectively, HCs) to provide standardized financial statements through one or more of the FR Y-9 reports. The information collected on the FR Y-9 reports is necessary for the Board to identify emerging financial risks and monitor the safety and soundness of HC operations.
US Code:
12 USC 1467a(b)(2)
Name of Law: Home Ownersâ Loan Act
US Code:
12 USC 1467a(b)(3)
Name of Law: Home Ownersâ Loan Act
US Code:
12 USC 5311(a)(1)
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
US Code:
12 USC 5365
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
US Code:
12 USC 1850a(c)(1)(A)
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
US Code:
12 USC 1844
Name of Law: Bank Holding Company Act of 1956
The estimated total annual burden for the FR Y-9 is 114,489 hours, and would increase to 115,283 hours with the revisions. The Board estimates that the revisions applicable to FR Y-9C filers with less than $5 billion in total assets have increased the average hours per response by 0.25 hours, the revisions applicable to FR Y-9C filers with $5 billion or more in total assets have increased the average hours per response by 0.69 hours, and the revisions applicable to FR Y-9C filers that are subject to the advanced approaches (AA) capital rule have increased the average hours per response by 1 hour. The offering of electronic signatures does not have an impact on the burden at this time.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Reporting FR Y-9C (AA HCs)